Search Results for: groundfloor

GROUNDFLOOR Launches Pilot Program to Encourage Accessory Dwelling Unit (ADU) Growth in Atlanta

  Real estate crowdfunding platform GROUNDFLOOR announced earlier this week a new pilot program to spur the development of more accessory dwelling units (ADUs) in the Atlanta jurisdictions. According to GROUNDFLOOR, the initiative is designed to support developers who seek financing for the renovation or new construction… Read More

GROUNDFLOOR Reduces Fees, Will Now Finance Up to 100% of Project for Some Borrowers

GROUNDFLOOR, a real estate investment platform, has announced the lowering of certain fees. GROUNDFLOOR states that for the first time since 2017, it is reducing fees and interest rates in order to support borrowers who are faced with increasing pressure on their profit margins. The… Read More

Real Estate Crowdfunding Platform GROUNDFLOOR Comments on SEC’s Decision to Increase Reg A+ to $75 Million

Last week, the Securities and Exchange Commission announced a series of updates to the exempt offering ecosystem that included changes to online capital formation. While Reg CF received a nice increase from $1.07 million to $5 million, Reg A+ (Tier II) also received some attention… Read More

GROUNDFLOOR CEO Brian Dally Comments on LendingClub’s Decision to Stop Allowing Retail Investors to Participate in Marketplace Loans

Last week, LendingClub (NYSE:LC) filed an 8-K with the Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

Groundfloor Says Q2 was a Record Quarter

Real estate crowdfunding platform Groundfloor says it had a record-breaking quarter. According to a post on its offering page, Groundfloor states that it experienced an investment volume record during Q2: “This past Q2 2020, the company generated its highest quarterly retail investment volume in the… Read More

Reg A+: Groundfloor Seeks Up to $10 Million in Series B Funding Round

  Groundfloor is turning to SeedInvest to raise additional growth capital.  Groundfloor has posted an offering page for indications of interest and, as of today, the “amount reserved” stands at $280,700. Indications of interest are non-binding. Groundfloor is seeking up to $10 million in a… Read More

Real Estate Investment Platform Groundfloor Launches Program to Keep Development Flowing During COVID-19 Crisis

Groundfloor, a real estate investment platform that is open to anyone, is launching a new program designed to keep capital flowing for property development flowing during the COVID-19 crisis. According to Groundfloor, the program expects to allow investors to earn an additional 4% interest rate… Read More

Real Estate Crowdfunding: Groundfloor Adds Short Term Offering Backed by Property

GroundFloor, a real estate investment platform, has added a new investment product that may appeal to individuals interested in shorter-term investments. The new product called GroundFloor Notes, is said to be similar to publicly issued, non-traded secured debt. The security includes a guaranteed rate of… Read More

Real Estate Crowdfunding Platform Groundfloor Tops $100 Million in Annual Volume, Doubles Top Line Revenue

Groundfloor, a real estate crowdfunding platform that leverages the Reg A+ exemption, has reported that during 2019 the investment platform topped $100 million in annual investment volume, as originations doubled, while registered users rose to over 75,000. Without providing exact numbers, Groundfloor said that GAAP… Read More

Groundfloor Now Offerings Self Directed IRA Access for Real Estate Investments Available to Everyone

Groundfloor, an innovative real estate crowdfunding platform that leverages Reg A+ to offer investments to everyone, has announced the launch of its self-directed IRA program. Now, anyone may diversify their retirement savings by creating a custom real estate portfolio by using the Groundfloor platform. According… Read More

Groundfloor Now Allows Real Estate Developers to Gain Pre Approval on Loans

groundfloor

Groundfloor, a real estate lending and investing platform that allows anyone to participate directly in real estate investments, has launched a new product to make the lending process more easier for real estate investors. Groundfloor now allows certain developers to gain pre-approval on loans with… Read More

Real Estate Crowdfunding Platform Groundfloor Provides “Industry First” Giving Non Accredited Investors Access to Fractionalized Loans

Real estate investment platform Groundfloor has announced a new feature that the “wealthtech” company is claiming is an industry first. Groundfloor is now providing non-accredited investors access to fractionalized real estate loans so investors may better manage risk – something previously only available to accredited… Read More

Real Estate Crowdfunding Platform Groundfloor Closes on $3 Million Round, Reports Strongest Quarter Ever

Groundfloor, an investing and lending platform for real estate investment loans, has closed on a $3 million public offering raising equity capital from 1580 new and existing investors. To date, Groundfloor has now raised $18.3 million in growth capital and 20% of its shares are… Read More

Groundfloor Announces First Quarter 2019 Results: Doubles Year Over Year Revenue

Real estate crowdfunding platform Groundfloor announced on Tuesday its 2019 first quarter results and momentum. According to Groundfloor, Despite the government shutdown of the U.S. Securities and Exchange Commission for 35 days, it still experienced 123% percent non-GAAP first quarter revenue growth compared to the… Read More

Groundfloor Announces New Partnership With Dwolla

Real estate crowdfunding platform Groundfloor announced last week it has formed a new partnership with Dwolla, Inc. to make payments more efficient for borrowers and investors. According to Groundfloor, Dwolla’s white label platform will now help the funding platform’s users initiate the transfer of money to their… Read More

Q&A: Groundfloor CEO Brian Dally Shares Insight on Newly Launched Online Public Offering, Innovations and Fintech’s Future

Today the direct real estate investment platform Groundfloor launched an online public offering enabling any Groundfloor account holder to purchase stock directly from the company. The platform indicated that the online public offering aims to “level the cap table” so members of the public can own… Read More

Groundfloor Initiates Public Offering Using Reg A+ to Accelerate Growth

Groundfloor, a direct real estate investment platform, has launched an online public offering enabling any Groundfloor account holder to purchase stock directly from the company. The platform indicated that the online public offering aims to “level the cap table” so members of the public can… Read More

Groundfloor CEO Brian Dally Opines on IPO Results, Growth & Platform Updates

Groundfloor

Groundfloor, a direct real estate investment platform, has reaped in an additional $4.2 million in its recent IPO. The total reportedly secured for the 2017-18 campaign to $6.2 million (1) from 2,304 investors and the company’s total fundraising to $13.8M. “The offering was very well-received… Read More

Groundfloor Secures $4.3M during Invitation-Only Raises, Reg A+ Offer Now Live

Groundfloor, said to be the first issuer qualified by the U.S. Securities & Exchange Commission to offer real estate based payment dependent notes that are available to non-accredited investors, has raised a total of $4.3 million from 671 participating investors in a combination of two… Read More

Real Estate Platform Groundfloor Shares $5M Reg A+ Plans, Now Accepting Non-Accredited Investors from All 50 States

Atlanta-based real estate investment platform Groundfloor has received regulatory approval to raise money under Reg A+. This crowdfunding offer has been in the works for some time now;  like all Reg A offers, the issuer must by scrutinized by the SEC before any securities may be… Read More

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